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Financial Times
Financial Times
Business
Harriet Agnew and Chris Flood in London

‘Nowhere to hide’ for investors in market turbulence

BofA Invesco United States

Fund managers have been tripped up by global stocks and bonds falling in tandem in the first quarter.

The FTSE All World stocks index, including dividends, dropped 5.1 per cent in the first three months of the year, reflecting rising benchmark interest rates and the outbreak of war in Ukraine.

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